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IMF warns of increased risks
Graham_Devon
Posts: 58,560 Forumite
The International Monetary Fund has warned that the risks facing the world economy have increased.
The fund said it was concerned about the continuing Greek debt crisis, the arguments over US deficit plans and the need to curb growth in Asia.
But it said it expected global growth to remain on track, though it lowered its forecasts for the US and UK.
The IMF predicted that the world economy would grow at a rate of 4.3% in 2011 and 4.5% in 2012.
The fund called for greater political leadership in dealing with the eurozone debt crisis and the budget crisis in the US.
"You cannot afford to have a world economy where these important decisions are postponed, because you're really playing with fire," said Jose Vinals, director of the IMF monetary and capital markets department.
The IMF's latest forecasts came as it updated its assessments of financial stability, country finances and the global economy. Its last review was in April.
The highlighted sentence, is to me, one of th emost refreshing sentences I have seen for some time.
http://www.bbc.co.uk/news/business-13806383
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Comments
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"Playing with fire"
Ed Balls would do well to think long and hard about that statement.0 -
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Whats refreshing about it?Official MR B fan club,dont go............................0
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forgive me for asking, but is the same IMF that you used to believe were wrong - or is the IMF now correct because they are saying what you want to think?Graham_Devon wrote: »IMF warns of increased risksGraham_Devon wrote: »The IMF's predictions have so far, been wrong.0 -
Chucky, it seems whatever I post, you will be found scurrying off to use the search facility to drag something up from however many months / years previous.
Desperation is wearing thin. It's getting obsessional. What's more, read the whole quote. Only said they were wrong because they hadn't gone far enough, and every single economoist and agency has so far been wrong.0 -
Graham_Devon wrote: »Chucky, it seems whatever I post, you will be found scurrying off to use the search facility to drag something up from however many months / years previous.
Desperation is wearing thin. It's getting obsessional. What's more, read the whole quote. Only said they were wrong because they hadn't gone far enough, and every single economoist and agency has so far been wrong.
All of them are wrong, but you're right?0 -
as i said forgive me for asking, t was only a question.Graham_Devon wrote: »Only said they were wrong because they hadn't gone far enough
no need to try and make things up again just because you have issues...0 -
as i said forgive me for asking, t was only a question.
no need to try and make things up again just because you have issues...
Love how you have now gone back and edited your post and my quote to delete the rest of what I said.
LOL. Did you actually read my quote after you posted it and decide "oops, hes explained what hes meant, better delete that out".0 -
RenovationMan wrote: »All of them are wrong, but you're right?
No. What is up with you?
Chucky is just on a mission to distort and spin everything again. Threads ruined within seconds and its back to the poster rather than the article.
Click the blue icon next to my name in the edited quote. Read it, and you'll see the context of what was said.
We wouldn't even be having this silly argument if chucky didn't keep dragging stuff up and changing contexts continually.
Others were suggesting the IMF were wrong. I basically agreed and said they were wrong. But because they hadn't gone far enough and that they were closer than other agencies. Bit ofg context stripping and quote editing and look what the master chucky can do.0 -
please un-subscribe me from your personal issues - you're being pathetic now. the last thing i want i you having yet another e-breakdown.Graham_Devon wrote: »No. What is up with you?
Chucky is just on a mission to distort and spin everything again. Threads ruined within seconds and its back to the poster rather than the article.
Click the blue icon next to my name in the edited quote. Read it, and you'll see the context of what was said.
We wouldn't even be having this silly argument if chucky didn't keep dragging stuff up and changing contexts continually.0
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